Summary - You dont have to be 100% ready when start looking for properties Get a mortgage broker - Dont make big purchases before applying - List all the things are important to you - Do your due diligence - How to negotiate the price These tips are great, I've gone through over 10+ sale contracts over the past year to get my first property without any luck and real estates agents are so sneaky...they try to squeeze every money out of you, always saying "there are other many offers on the table, and that you need to offer higher " so just stand your ground and stick to your budget!
Thanks for the summary! I’m glad you enjoyed it 😊 sorry to hear about your experience, it definitely is a lot of work and it’s not always a walk in the park. Real estate agents can be pretty sneaky saying there are multiple offers on the table as well. Learning to walk away is an important lesson! I hope you find something soon!
I definitely agree with starting to look around as soon as possible. I think the more houses you look at the better. Gives you a great way to start comparing what is on the market and what you actually like.
Thanks for these tips Queenie! I want to buy my first property in the next year, so I'm doing all the homework I can 😅😅 although I'm not in Australia, your experiences and lessons are still valuable for any first home buyers too. Great video :)
Hey Ryan! Thanks so much for watching, and congrats on being close to getting your place, I'm so happy for you. I think these tips do carry across borders so I hope they help you on your journey! You can do it
There are so many factors when looking to buy a property. Where I live we have to take into account the surrounding area, if there is an HOA or not, also to make sure the HVAC and plumbing is in working order as well as electrical. My best advice is to be willing to walk away if you don't like the deal. Real estate is the largest purchase that anyone can make.
Totally agree, there's so much that goes into a place.. And being able to walk away when there isn't a good deal is hard but so important you're so right! It really is one of the biggest purchases we make. Thank you for watching
Old apartments are just a bad. My good friend is a strata manager and no matter the age of the apartment, there's always problems. New ones have concrete cancer and cladding issues, old apartments have balconies falling off, water ingress, etc.
Thats interesting about credit cards, we paid all ours off and dont use them anymore. I thought maybe it would be a good idea to have some credit cards to show we had capability to repay debt? 10000x over get an inspection report done, and follow the guy/girl around, learn what they look for and ask them to show you, most would be happy to show you and you can keep that knowledge and apply it to future purchases. and soooooo important about thinking about the future, we bought an apartment a few years ago and they built a gigantic carpark nextdoor, constant noise, sold and walked away from it.
Minute 9.12...can you please advise where / how to get strata check report...and minute 9.22...can you please explain major / most important jargons that indicate whether the strata has sufficient fund to cover sudden need for major fixing
Hi , What are the taxes I have to pay every year? I know about Land tax but no one told me about council rate? It's kind of 2000 over another 2000$. Should I pay both as I don't think Australia is using or helping anyone with this? And I think our family has to survive eating from garbage bin once I start buying a property with all the increased rates and inflation . Govt has really messed up our lives now.
Hey Queenie, thanks for this. Such a great content! How low would you go for your first offer? Do you also have to factor in the market situation and/or your LVR? For instance if you have 20% than you have more power to negotiate? Thanks!
Thank you for watching Richie! When I made the offer, the place was listed for $520-$550k and I think the first offer was $490k or something like that. Ended up buying for $500k which is good! I’m not sure if it matters if you have a full 20% deposit in the negotiating, so long as your loan is pre approved. And yes it was a buyers market so we had a bit more power to negotiate the price and the owners bought another place so they wanted to sell it quickly. I hope this helps you on your journey!
I am not sure where you live sis, but can you do one video specifically about buying home in Sydney? I feel like it's a Olympics to get ti the end. Thanks. 😁 Love your lashes 💕
Yayyy thanks for being like 101, really appreciate it! There is lots that goes into it, and negotiating really is the key to getting a good deal. Thanks for watching
Thank you so much for sharing these useful tips! these will really hep me on buying me new home, thanks that I could knew this before my final decision. Can you suggest any home loan providers with fair rates.
Question: I am about to go to the market for my first home, but was wondering with 100k deposit, can you purchase a multiple homes (one for living and the rest for investment) with one home loan? If yes, how can be done, knowing that purchasing investment property requires 20% deposit and purchasing a home to live in requires 5% to 20%? Can you please assist?
Hi, I am new to your channel. Thx for the tips. I find it useful. When you talked about a house and an apartment? Did you include a townhouse as a house? Could you recommend a first home buyer to start with a small budget townhouse (has body corporate)? Thank you, Queenie.
@@InvestWithQueenie yes highly recommend it to all the first home buyers! I didnt know buyer's agent was a thing before discovering the podcast! She talks about the property jargon, schemes, grants, pre-approvals etc...
@@InvestWithQueenie no worries! my millennial property is a more popular one i think. inspect the property when its raining to see if there is any leak, ask to turn down the music if there is any to hear any noise,etc such simple but great advice
That's interesting... I had been advised from my friends Dad to get a credit card even though I don't need one. His reasoning was that it will show the banks your ability to pay off debt\loans. Glad I didn't go through with it!
You are a little ball of sunshine, I can’t stop chuckling at how absolutely cute you are. Anyway, just keep going Queenie, and don’t limit your niche to only Australia! Also, try out and see if using a normal clip from your video as your thumbnail picture performs better than an edited color one, see how it goes -fellow small RU-vidr
Aww thank you so much for the tips these are really valuable 🙏 agree my US and international audience is growing so I will focus more on creating content which appeals to a wider audience. I’ll also test out the thumbnail changes - thanks so much! By the way hahahaha I checked out your channel and I was not expecting to see “how to actually ride a girl” dead 😂😂 your content is hilarious I’ve subscribed! You need to create more and keep it up, the subs are waiting 🙌👏
i want buy my first home buyer but only can choose 2 place between moriset and auburn nsw but i work in city which do you choose? nice apartment in moriset or auburn 1.5 hours close to work then moriset? my money 400k can't buy a house close to city less then 3 hours T_T . which surburs do you chooce if you have money 400k, liverpool, auburn, gosford, moriset, cabramatta?
I am impressed by your videos. As we have 491 visa, since we are not yet PR but would like to buy a home. What would you suggest? Should I buy or wait until to get PR
Hi Queenie! I have a question. I’m 21 and don’t plan on buying a house till I’m 31-32. Should I invest the money I save for a house into index funds? Or should I save my money for a house in a savings account?
I had 20% however if I were to go back I would have tried to do less so I could get my foot in the door earlier! There’s also the first home buyers deposit scheme so you don’t have to pay LMI with less than a 20% deposit!
Thank you so much for sharing these actual practical and useful tips!!!!! Definitely learning to negotiate and doing your due diligence is so important. Also having a friend that can help check around the area in case an agent is playing hardball.. 😂😂
